Common use of Financial Costs Clause in Contracts

Financial Costs. Financial costs directly attributable to the acquisition and construction of assessed assets, that initially require a substantial period of time to prepare them for sale or use, are capitalized up to the date that the assets are substantially complete for sale or use. All other financial costs are recognized as a gain or loss in the period in which they are incurred. The financial costs generated during the construction period of the NQIA were included in the concession’s intangible assets.